Trends in Global Business Samples for Students †MyAssignmenthelp.com

Question: Discuss about the Trends in Global Business. Answer: Introduction The topic of the following assignment deals with the various changes that are taking place in the global business practice. The recent trends that have taken over in the past few years, has definitely changed the scenario from what it was looked at even few years back. Many new ideas have come into place by replacing the old ones. The 21st century real organizations have taken up some new strategies that will probably look forward to bring some positive impacts in the global trends in business. The global business is not limited within the boundaries of one single country and it involves many countries and their employees as a whole. In this assignment, the article Work Spaces that Move People has been chosen, published in the Harvard Book Review 2016 and some key factors or changes have to be identified from the article to have a brief idea about the changes in the new trends and its effect on the society. Brief Summary of the Article While trying to establish an understanding of the article, it is very important to make a brief summary of the same. The real organizations in the recent era have gone through some changes and these have proved to be very impactful on the future prospects of the organizations. Some recent examples have been provided in the article to show how the organizations are adapting to these changes. The most striking changes include the bigger working spacers in the organizations, the use of the digital devices, some ideas like hot-desking and many others. In this scenario of the modern era, the communication system has to be very fast so that the organizations can contact their clients very fast and discuss various matters with them (Arnon et al. 2012). Many sectors like the software companies, finance, pharmaceuticals and hospitals all have been able to adopt these changes. These changes have helped to increase their profits in the business and they have been able to spread their business a ll over the world. The global business has to focus on various aspects and cross culture is one of them. Organizations have to think about these aspects and fix their strategies accordingly. These things help to increase the reputation of the organizations (Carroll 2015). Identifying the key questions The assignment looks to find answers to the four key questions that have been found after an extensive and thorough reading of the article. A mini literature review has to be made to understand the impacts of the four key factors on the society at large. The scenario which has been in focus of this study is the recent changes in the workplaces or the organizations that have been a very common practice. Bigger workspaces in the organizations and its implications on the business environments are going to be discussed here. The four key questions that have been identified here are- Use of Digital Communication in Offices Co-working as a part of the organizations Importance of open spaces in organizations Interaction between people to increase communication Literature review A mini literature review of this article has to be provided in trying to solve the above mentioned questions. Use of Digital Communication in Offices Digital disruption has become a part and parcel of the daily lives of the 21st century people (McQuivey 2013). All types of digital devices like computers, laptops, smart phones and other useful devices have been very common to all types of people in this world. This is one of the most common phenomenon in the world nowadays. The use of telephones in the offices or other workplaces was very common in the earlier days but in the present times, it is considered as an outdated idea. The use of digital communication systems has become a widely used method in all types of organizations and agencies like accounting firms to medical clinics and hospitals, from information technology firms to real estates and many others. The best part of using digital disruption or digital communication system is to make faster communication and the time taken for that is minimal (Lee and Messerschmitt 2012). The office structure of the olden days and the present days is quite different. It is notable that the olden day offices comprised of small cubicles for every employee and the open area was very small there. In these cubicles, telephones were kept for the employees by which they used to communicate. The use of laptops and other electronic devices was not so much in use. Nowadays, the people can connect with each other in a shorter period of time and more number of works can be completed within a lesser time. Compared to olden days, the important data is stored in the hard disks in the digital devices and that stays forever if not destroyed intentionally. Co-working as a part of the organizations The 21st century business environment has gone through a radical change in terms of co-working in the organizations (Hargroves and Smith 2013). Co-working between employees suggests that some of the employees in an organization will team up together and they will take part in the business ventures jointly to earn positive feedback for the company. This habit of working together can create a good amount of understanding between the employees and can make them good team members. The mutual understanding and support between them will grow and they will be able to do the works efficiently. It is very obvious all the people do not have same kind of talent or specialization. Different kinds of specialization and special abilities of the employees will help to gather different ideas at the same place. This will help to establish a fair view about a topic and everyone can contribute their ideas. This will culminate into the best outcome that can be possible. The working environment in this k ind of offices is very healthy and light (Hasle et al. 2012). The employees can share their views and opinions. They also share a healthy understanding between themselves and it puts away chances of any misunderstanding between the employees. In this way, the performance graph of the organization will go upwards that will reflect in the organizations production report (Caliendo and Rossi-Hansberg 2012). The idea of one employee, one desk can be kept aside because it costs a lot of money to make personalized cubicles for each employee. The employees can sit in a place together and discuss the working matters. Importance of Open spaces in the Organizations The open space in the real world organizations is very important nowadays (Haug 2013). This idea of providing more open spaces has to be implemented for different reasons. In the earlier times, the supervisors or the managers had to go to the desks of each employee and convey any important message to them but in the recent times, they can sit in open spaces where they can communicate with each other very easily. This invention of open spaces in the offices saves a lot of money that caters to more CSR activities of the company (Essen 2013). Thus the company can save some money from their expenditure and invest that to help the society. This will help them to increase their reputation. The managers and supervisors can address the employees by sitting in a single space and they do not have to roam about in different rooms the whole day. The team leaders can control their teams and this would enhance their leadership skills. Interaction between people to increase communication In the modern global village, people have found every destination to be reachable and they consider no place to be far enough with the blessing of digital communication and devices (Lule 2012). Most MNCs are spreading their business throughout the world so that they can profit from all the spheres. The target markets and the target segmentations are no more confined within the global markets only but their range of business market has become global. The use of different social media like Facebook, Linkedin, Instagram has increased communication between the people of different countries (Treadaway and Smith 2012). The big business maestros nowadays communicate with job seekers and advise them on different areas. These things use to motivate the people and they work even better. The impact of social media marketing and social media strategies has been very effective on the people (Tuten and Solomon 2014). These social media often help to take up different popular strategies that yield good results and positive turnover for the companies. Conclusion In the concluding part, it can be said that a brief but detailed overview has been provided about the recent trends in business environment. These trends have helped the business organizations attain a sustainable growth throughout the year. It also helps to create a reputable brand image for the organizations and their owners. The implications of different strategies have catered to the development of the business and its spreading in the global arena. Bibliography Arnon, S., Barry, J., Karagiannidis, G., Schober, R. and Uysal, M. eds., 2012.Advanced optical wireless communication systems. Cambridge university press. Caliendo, L. and Rossi-Hansberg, E., 2012. The impact of trade on organization and productivity.The quarterly journal of economics,127(3), pp.1393-1467. Carroll, C.E., 2015.The handbook of communication and corporate reputation(Vol. 49). John Wiley Sons. Esen, E., 2013. The influence of corporate social responsibility (CSR) activities on building corporate reputation. InInternational business, sustainability and corporate social responsibility(pp. 133-150). Emerald Group Publishing Limited. Hargroves, K. and Smith, M.H., 2013.The natural advantage of nations: business opportunities, innovation and governance in the 21st century. Earthscan. Hasle, P., Bojesen, A., Langaa Jensen, P. and Bramming, P., 2012. Lean and the working environment: a review of the literature.International Journal of Operations Production Management,32(7), pp.829-849. Haug, C., 2013. Organizing spaces: Meeting arenas as a social movement infrastructure between organization, network, and institution.Organization Studies,34(5-6), pp.705-732. Lee, E.A. and Messerschmitt, D.G., 2012.Digital communication. Springer Science Business Media. Lule, J., 2012.Globalization and media: Global village of Babel. Rowman Littlefield. McQuivey, J., 2013. Digital disruption: Unleashing the next wave of innovation. Treadaway, C. and Smith, M., 2012.Facebook marketing: An hour a day. John Wiley Sons. Tuten, T.L. and Solomon, M.R., 2014.Social media marketing. Sage.